Heritage Medical Associates, P.C. 401(k) Review & Grade
Heritage Medical Associates, P.C. 401(k) Profit Sharing Plan
Nashville, TNHealth Care & Social Assistance831 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,995Employer $ per active participant
$7,101Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$155.3MNet plan assets, end of year
$151,196Average balance per account
Score breakdown
- Employer generosity47.5 / 5095th percentile for employer $ per participant
- Low cost22.4 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving14.0 / 1593th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score87 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 95th |
| Lower admin cost | 90th |
| Employee saving | 93th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Heritage Medical Associates put in about $6,995 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $5,812,451 |
| Participant (employee) contributions | $5,901,262 |
| Other contributions (incl. rollovers in) | $424,787 |
| Administrative expenses paid from the plan | $61,621 |
| Investment advisory & management fees | $27,229 |
| Benefits paid out | $9,431,123 |
| Net assets, start / end of year | $133.7M / $155.3M |
| Active participants, start / end of year | 761 / 901 |
| Participants with account balances | 1,027 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $34,479 reported compensation |
| Strategic Advisors, Inc. | $27,229 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923140826NAL0014996850001, received 2025-09-23, EIN 62-1483206, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.